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in the business of tracking santa on his christmas eve rounds. norad has a new tracking service, it dropped google maps in favor of microsoft's bing. >>> we'll be back to talk to barry manilow. stay with cnn. "your money" starts right now. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than $1 million a year and he wants to set automatic spending cuts with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover nor quest and the ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach the bu
facebook and google and zynga. these companies are all going public with dueled clash -- dual class shareholders. i call these private companies in the closet, because they are really finding a way to make sure that they will not be subject to short-term budget short-term shareholders. i am not applauding this development. i think maybe it goes a little too far in the unaccountability direction. but it does suggest that our conventional notions of corporate governance, where directors are pressured to listen to shareholders and to focus on share price, is dysfunctional enough. that is a big part of the story about my public companies are disappearing. -- about why public companies are disappearing. >> thank you so much for coming. i have a question related to the shareholder aspect of things. there is a really great shareholder movement, organizing to mitigate some of these problems. there is whole movement to create new shareholders as well as to increase awareness. do you see this movement as the problem, and any change that can come from? >> again, a wonderful impression -- a won
at companies that are going public like facebook and google and zynga -- these companies are all going public with dual class shareholders. i call these private companies in the closet, because they are really finding a way to make sure that they will not be subject to short-term budget short-term shareholders. i am not applauding this development. i think maybe it goes a little too far in the unaccountability direction. but it does suggest that our conventional notions of corporate governance, where directors are pressured to listen to shareholders and to focus on share price, is dysfunctional enough. that is a big part of the story about why public companies are disappearing. >> thank you so much for coming. i have a question related to the shareholder aspect of things. i have been involved in some shareholder activism -- there is a really great shareholder movement, organizing to mitigate some of these problems. like environment of degradation. -- environmental degradation. there is whole movement to create new shareholders as well as to increase awareness. do you see this movement as the
Search Results 0 to 2 of about 3